Welcome to our dedicated page for Ss&C Technologies news (Ticker: SSNC), a resource for investors and traders seeking the latest updates and insights on Ss&C Technologies stock.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) is a global provider of services and software for the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, the company is frequently in the news for developments across fund administration, wealth management technology, corporate actions and capital markets activity.
This SSNC news page highlights press releases and third-party coverage related to SS&C’s business. Readers can follow announcements about earnings release schedules, quarterly and full-year results, and dividend declarations on the company’s common stock. SS&C regularly files Form 8-K reports to furnish earnings information and to disclose material events such as acquisitions and financing arrangements.
News items also cover SS&C’s role in fund administration and indices through SS&C GlobeOp, including monthly publications of the SS&C GlobeOp Forward Redemption Indicator and related hedge fund indices. These updates provide insight into redemption activity, capital movements and performance trends for hedge funds administered on the SS&C GlobeOp platform.
In addition, SS&C issues news on strategic initiatives such as the expansion of its European wealth management capabilities via MiFID authorization in Ireland, technology enhancements like integrations within SS&C Black Diamond Wealth Solutions, and client wins where fund managers select SS&C for administration and operational support. Subsidiary activity, including SS&C ALPS Advisors’ involvement with closed-end funds and exchange-traded funds, also appears in related releases.
Investors, analysts and industry participants can use this page to monitor ongoing corporate developments, product and platform updates, index publications and other events that may influence their view of SS&C’s operations and strategic direction.
SS&C Technologies Holdings (Nasdaq: SSNC) will announce its Q1 2021 financial results on April 26, 2021, after market close. An earnings conference call is scheduled for 5:00 p.m. ET on the same day. Investors can access the press release on SS&C's website following its distribution. The earnings call will be available for replay shortly after and can also be accessed on the company's website. SS&C, headquartered in Windsor, Connecticut, provides software and services for financial services and healthcare, serving approximately 18,000 organizations globally.
SS&C Technologies Holdings (Nasdaq: SSNC) reported a Forward Redemption Indicator of 2.49% for March 2021, an increase from 2.37% in February and lower than 3.11% for March 2020. This marks the ninth consecutive month of improved year-over-year comparisons, demonstrating strong hedge fund asset retention. The indicator reflects the percentage of redemptions received from investors in hedge funds, indicating stable investor confidence. SS&C GlobeOp's assets under administration represent approximately 10% of the hedge fund sector.
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On March 18, 2021, SS&C Technologies Holdings announced that a consortium of top retirement firms has chosen SS&C Retirement Solutions to facilitate their in-plan guaranteed income product, "Income America™ 5ForLife." This solution ensures retirement participants receive guaranteed monthly income. The consortium includes American Century Investments, Lincoln Financial Group, Nationwide, and others. SS&C’s Retirement Income Clearing & Calculation Platform will streamline the product distribution across various record-keeping platforms.
SS&C Technologies Holdings (NASDAQ: SSNC) has launched Algorithmics Scenarios-as-a-Service (ScaaS), a subscription-based service for financial risk simulation. This innovative service utilizes machine learning and comprehensive financial risk modeling to offer stress-testing scenarios, particularly addressing the impacts of pandemics like COVID-19. ScaaS provides specialized stress tests over various periods to enable organizations to make informed decisions in volatile markets. Subscribers gain access to a library of current and historical scenarios delivered through a flexible API.
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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced the appointment of Gautam Moorjani as the head of its newly formed Intelligent Automation Solutions Group. Reporting to Mike Sleightholme, senior vice president and general manager, Moorjani brings extensive experience from PriceWaterhouseCoopers and WorkFusion. The new group aims to enhance digital transformation for clients through technologies like workflow management and machine learning. Moorjani emphasized SS&C's financial strength and global presence, positioning the company to lead in business process management.
SS&C ALPS Advisors announced the transfer of its ETFs, ALPS Clean Energy ETF (ACES) and ALPS Disruptive Technologies ETF (DTEC), from Cboe BZX Exchange to NYSE Arca. The transition is expected to take place around March 29, 2021, with no required action from shareholders. These ETFs currently manage over $14.9 billion in assets.
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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announces that PPS Investments has selected the Sylvan™ platform to enhance its global performance measurement and attribution capabilities. This decision will support $2.74 billion in assets under management (AUM) and improve decision-making processes through Sylvan's advanced features, including multi-currency and multi-asset attribution. Key stakeholders expressed confidence in Sylvan's ability to drive efficiency and better insights.
SS&C Technologies (Nasdaq: SSNC) announced that Eleva Capital, an independent investment manager based in Paris and London, has selected SS&C's Eze Investment Suite for its expanding fixed income operations. Eleva has incorporated its newly launched funds, ELEVA Global Bonds Opportunities and ELEVA Euro Bonds Strategies, into the platform. The Eze suite will assist Eleva in investment processes such as order management, trading, and compliance. Eleva Capital, founded in 2014, currently manages approximately 8 billion euros and focuses on European equities and Global Fixed Income.